Suppose that in the situation of Table 1.1 a corporate treasurer said: I will have 1 million to sell in six months. If the exchange rate is less than 1.52, I want you to give me 1.52. If it is greater than 1.58 I will accept 1.58. If the exchange rate is between 1.52 and 1.58, I will sell the sterling for the exchange rate. a) How could you use options to satisfy the treasurer? b) Draw a payoff diagram showing potential outcomes for the treasurer.